MOSCOW- Sberbank
SBER.MM
, Russia's biggest bank, sees its annual net profit rising to around 1 trillion roubles ($17 billion) by 2020, according to a strategy plan published on its website on Thursday.
According to the document, Sberbank's return on equity, a key measure of profitability, is seen at around 20 percent - with assets in Turkey performing at 15 percent, Kazakhstan 23 percent and the bank's European units at 3 percent - by 2020.
($1 = 58.6450 roubles)
(Reporting by Katya Golubkova; Editing by Mark Potter) ((ekaterina.golubkova@thomsonreuters.com; +7 495 775 1242;))
According to the document, Sberbank's return on equity, a key measure of profitability, is seen at around 20 percent - with assets in Turkey performing at 15 percent, Kazakhstan 23 percent and the bank's European units at 3 percent - by 2020.
($1 = 58.6450 roubles)
(Reporting by Katya Golubkova; Editing by Mark Potter) ((ekaterina.golubkova@thomsonreuters.com; +7 495 775 1242;))
